About Almond Flour
Almond flour is made from the almonds, which is blanched by removing skins and turns into the fine texture. It is considered as a go-to ingredient for gluten-free and for the low carb baked goods. It defines as the perfect solution which suits for the gluten-free diet, it provides nutrients that lack in another type of flour such as fiber, calcium, iron, and protein. It is considered as a lighter flour for which is adopted by the bakery products.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The global almond flour market is highly competitive and consists of some market-leading players. With respect to the market share, some of the key players are highly dominating the global market. These leading market players are focusing on strategic collaborative initiatives to enhance the market share and improve their profitability. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Almond Flour market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hodgson Mill (United States), Treehouse Almonds (United States), Grain-Free JK Gourmet (Canada), WellBees (United States), Nature's Eats (United States), Nature’s Choice (South Africa), Bob's Red Mill (United States), Oh! Nuts (United States), NOW Foods (United States) and Honeyville, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are King Arthur Flour (United States), Food to Live (United States) and Blue Diamond Growers (United States).
Segmentation Overview
AMA Research has segmented the market of Global Almond Flour market by Type (Natural Almond Flour, Blanched Almond Flour and Others), Application (Bakery, Chocolate and Confectionery, Cosmetic and Others) and Region.
On the basis of geography, the market of Almond Flour has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Category, the sub-segment i.e. Gluten-Free will boost the Almond Flour market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Almond Flour market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High adoption by the high blood pressure patients, because it is low in carbs and high in healthy fats and fiber. Its properties such as a low glycemic index which means it releases sugar at a slower rate into the blood that provides a sustained source of energy. It also contains a high amount of magnesium.
Market Growth Drivers:
Rising Demand of Alternative to Traditional Wheat Flour
Challenges:
High Presence of Almond Flour and It Contains High Range in Inflammatory PUFAS
Restraints:
High Availability of Substitute Products-Such As Coconut Flour
Opportunities:
Rising Health-Related Concern in Developed Regions
Market Leaders and their expansionary development strategies
In July 2021- Grupo Bimbo SAB de CV acquired Emmy’s Organics, a producer of ultra-premium organic cookies. The company developed new chocolate chip cookies containing ingredients organic coconut, organic agave syrup, organic fair-trade dark chocolate chips, organic almond flour, organic coconut oil, organic vanilla extract, and Himalayan salt., and In Oct 2019, Olam announced acquiring Hughson Nut to enhance its product portfolio related to almond ingredients. HNI is considered in the top five almond processors' whole nuts and value-added ingredients. And they are also focusing on enhancing in Australia and Vietnam.
In September 2021- Mission Foods, the world’s leading brand for tortillas and wraps, is evolving to meet changing consumer demands with two new Better for You products that can assist consumers and their families in maintaining a healthier lifestyle without sacrificing taste. The gluten-free Almond Flour and Cauliflower Flour tortillas from Mission Foods combine the authentic flavors and textures that customers love about Mission Foods products with the great-tasting variety that health-conscious customers crave. and In Sep 2019, Simple Mills announced the launch of the Almond Flour Bars, which are moist, nutrient-dense, and crunchy. It is available in various flavors such as dark chocolate almond, chunky peanut butter, nutty banana bread, and others.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Almond flour Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.